Macquarie Issues Positive Forecast for Norwegian Cruise Line (NYSE:NCLH) Stock Price

Norwegian Cruise Line (NYSE:NCLH - Free Report) had its price target boosted by Macquarie from $30.00 to $31.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have an outperform rating on the stock.

Other research analysts have also issued research reports about the company. Barclays upgraded Norwegian Cruise Line from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $28.00 to $32.00 in a report on Friday, December 13th. StockNews.com upgraded shares of Norwegian Cruise Line from a "sell" rating to a "hold" rating in a report on Thursday, November 7th. Citigroup boosted their target price on shares of Norwegian Cruise Line from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. The Goldman Sachs Group set a $34.00 price target on shares of Norwegian Cruise Line in a research report on Thursday, January 23rd. Finally, Loop Capital assumed coverage on Norwegian Cruise Line in a research note on Tuesday, February 4th. They set a "hold" rating and a $26.00 price target for the company. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $29.19.

Norwegian Cruise Line Stock Down 6.7 %

NYSE:NCLH traded down $1.35 during trading hours on Thursday, reaching $18.72. The company had a trading volume of 19,632,876 shares, compared to its average volume of 11,253,466. The business's 50-day simple moving average is $25.77 and its two-hundred day simple moving average is $24.19. Norwegian Cruise Line has a twelve month low of $14.69 and a twelve month high of $29.29. The firm has a market cap of $8.23 billion, a price-to-earnings ratio of 17.17, a P/E/G ratio of 0.24 and a beta of 2.62. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 10.35.

Institutional Trading of Norwegian Cruise Line

Large investors have recently bought and sold shares of the company. Van ECK Associates Corp raised its stake in Norwegian Cruise Line by 7.0% in the 3rd quarter. Van ECK Associates Corp now owns 252,845 shares of the company's stock valued at $5,186,000 after acquiring an additional 16,439 shares during the period. Asset Management One Co. Ltd. lifted its stake in shares of Norwegian Cruise Line by 27.2% during the 3rd quarter. Asset Management One Co. Ltd. now owns 8,572 shares of the company's stock valued at $176,000 after buying an additional 1,831 shares in the last quarter. QRG Capital Management Inc. raised its holdings in Norwegian Cruise Line by 85.5% during the 3rd quarter. QRG Capital Management Inc. now owns 31,830 shares of the company's stock valued at $653,000 after acquiring an additional 14,669 shares during the period. Principal Financial Group Inc. lifted its position in shares of Norwegian Cruise Line by 6.2% during the third quarter. Principal Financial Group Inc. now owns 514,087 shares of the company's stock worth $10,544,000 after acquiring an additional 30,182 shares in the last quarter. Finally, Atria Investments Inc boosted its holdings in shares of Norwegian Cruise Line by 15.2% in the third quarter. Atria Investments Inc now owns 22,113 shares of the company's stock worth $454,000 after acquiring an additional 2,910 shares during the period. 69.58% of the stock is owned by hedge funds and other institutional investors.

About Norwegian Cruise Line

Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. The company operates through the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. It offers itineraries ranging from three days to a 180-days calling on various ports, including Scandinavia, Northern Europe, the Mediterranean, the Greek Isles, Alaska, Canada and New England, Hawaii, Asia, Tahiti and the South Pacific, Australia and New Zealand, Africa, India, South America, the Panama Canal, and the Caribbean.